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Stock Market & Financial Investment News

News Breaks
May 23, 2012
06:00 EDTSTD, BBVASpanish PM to ask ECB to help finance debt, DJ reports
Mariano Rajoy, Spain's Prime Minister, is expected to today ask the European Central Bank to buy Spanish sovereign debt, which it hopes will fix the country's liquidity problems and guarantee the stability of the euro zone, Dow Jones reports, citing comments made in El Mundo. Reference Link
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July 22, 2014
06:15 EDTBBVABanco Bilbao wins auction to buy Catalunya Banc for EUR1.19B
The Management Commission of the Banking Restructuring Fund has accepted BBVAs bid in the competitive auction for the acquisition of Catalunya Banc S.A. As a consequence, BBVA has executed a sale and purchase agreement with FROB, by virtue of which FROB will sell up to 100% of the shares of Catalunya Banc to BBVA for the price of up to EUR1.19B. Closing of the sale and purchase transaction will be subject, among others, to the obtaining of the relevant administrative authorizations and approvals and to the effective closing of the transaction announced by Catalunya Banc to the market on July 17 whereby Catalunya Banc will transfer to an asset securitization fund a loan portfolio with a nominal value of EUR.6.4B.

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